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- The accountant for Barry Ltd compares each month's actual results with a monthly plan. The standard direct labour rates and the standard hours allowed, given the actual output in April, are shown in the following schedule: Standard direct labour rate per hour Labour class III Labour class II Labour class I Standard direct labour hours allowed, given April output 1,000 1,000 1,000 $26.00 $22.00 $12.00 A new union contract negotiated in March resulted in actual wage rates that differed from the standard rates. The actual direct labour hours worked and the actual direct labour rates per hour for April were as follows. Actual direct labour rate per hour Actual direct labour hours Labour class II $28.00 1,100 Labour class II $23.00 1,300 Labour class I $14.00 750 Required: a) Calculate the following variances for April, indicating whether each is favourable or unfavourable: i direct labour rate variance for each labour class. ii direct labour efficiency variance for each labour class. b)…The accountant for Barry Ltd compares each month’s actual results with a monthly plan. The standard direct labour rates and the standard hours allowed, given the actual output in April, are shown in the following schedule: Standard direct labour rate per hour Standard direct labour hours allowed, given April output Labour class III $26.00 1,000 Labour class II $22.00 1,000 Labour class I $12.00 1,000 A new union contract negotiated in March resulted in actual wage rates that differed from the standard rates. The actual direct labour hours worked and the actual direct labour rates per hour for April were as follows. Actual direct labour rate per hour Actual direct labour hours Labour class III $28.00 1,100 Labour class II $23.00 1,300 Labour class I $14.00 750 Required: Calculate the following variances for April, indicating whether each is…Calculate the total monthly cost of the sales representative's salary for each of the following months:
- When is the predetermined overhead rate usually calculated? A. At the end of the year. B. Anytime. C. At the beginning of the year. D. At the end of each month.The accountant for Barry Ltd compares each month’s actual results with a monthly plan. The standard direct labour rates and the standard hours allowed, given the actual output in April, are shown in the following schedule:Standard direct labour rate per hour Standard direct labour hours given April output allowed, Labour class III $26.00 1,000Labour class II $22.00 1,000Labour class I $12.00 1,000A new union contract negotiated in March resulted in actual wage rates that differed from the standard rates. The actual direct labour hours worked and the actual direct labour rates per hour for April were as follows. Actual direct labour rate per hour Actual direct labour hoursLabour class III $30.00 1,100Labour class II…The accountant for Barry Ltd compares each month's actual results with a monthly plan. The standard direct labour rates and the standard hours allowed, given the actual output in April, are shown in the following schedule: Standard direct labour rate per hour Standard direct labour hours allowed, given April output 1,000 1,000 1,000 Labour class II $26.00 Labour class || Labour class I $22.00 $12.00 A new union contract negotiated in March resulted in actual wage rates that differed from the standard rates. The actual direct labour hours worked and the actual direct labour rates per hour for April were as follows. Actual direct labour rate per hour Actual direct labour hours Labour class III $28.00 1,100 www m Labour class || $23.00 1,300 Labour class I $14.00 750 Required: a) Calculate the following variances for April, indicating whether each is favourable or unfavourable: i direct labour rate variance for each labour class. ii direct labour efficiency variance for each labour class.…
- The accountant for Barry Ltd compares each month’s actual results with a monthly plan. The standarddirect labor rates and the standard hours allowed, given the actual output in April, are shown in thefollowing schedule:Standard direct labor rate per hour Standard direct labor hours allowed,given April outputLabour class III $26.00 1,000Labour class II $22.00 1,000Labour class I $12.00 1,000A new union contract negotiated in March resulted in actual wage rates that differed from thestandard rates. The actual direct labor hours worked and the actual direct labor rates per hour forApril was as follows.Actual direct labor rate per hour Actual direct labor hoursLabour class III $28.00 1,100Labour class II $23.00 1,300Labour class I $14.00 750Required:a) Calculate the following variances for April, indicating whether each is favorable or unfavorable:I direct labor rate variance for each labor class.ii direct labor efficiency variance for each labor class.b) Discuss two advantages and two…The accountant for Barry Ltd compares each month’s actual results with a monthly plan. The standarddirect labour rates and the standard hours allowed, given the actual output in April, are shown in thefollowing schedule:Standard direct labour rate per hour Standard direct labour hours allowed,given April outputLabour class III $26.00 1,000Labour class II $22.00 1,000Labour class I $12.00 1,000A new union contract negotiated in March resulted in actual wage rates that differed from thestandard rates. The actual direct labour hours worked and the actual direct labour rates per hour forApril were as follows.Actual direct labour rate per hour Actual direct labour hoursLabour class III $28.00 1,100Labour class II $23.00 1,300Labour class I $14.00 750Discuss two advantages and two disadvantages of a standard costing system in which the standarddirect labour rates per hour are not changed during the year to reflect events such as a new labourcontractCompute the monthly operating income for January, February, and March under absorption costing. What amount of bonus is paid each month to Franz Holzhausen?
- After selection of an Employee, the Human Resource Department decide the following salary breakup. Employee Base pay = Rs.17 (Per Regular hrs.) + Rs.50 (Per Week Bonus) Employee working hrs. Per Week = 60hrs (40 regular hrs. 20 overtime hrs.) Case # 01 So: Calculate the actual regular pay rate per hour. Calculate the overtime rate per hour. Calculate the Total pay for a month.Prepare the journal entry to record the factory wages of $28,000 incurred for a single production department assuming payment will be made in the next pay period.A. What is the cost per minute for activities in Personnel? B. What is the cost of interviewing and hiring one employee? C. How many minutes of unused capacity did Personnel have for the year? D. What was the cost of the unused capacity in Personnel?